George Lau Acquires Multifamily Property From Barnett Capital In Chicago For $1.05M
SOLD
Illinois
See Similar DealsMultiFamily
Sold 12/05/2025
SOLD
George Lau Acquires Multifamily Property From Barnett Capital In Chicago For $1.05M
3340 South Carpenter Street
See Similar DealsMultiFamily
Sold 12/05/2025
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The transaction involved a multifamily asset located at 3340 South Carpenter Street in the Chicago market. The sale price was recorded at $1,050,000 for a total of 7 units, resulting in a price per unit of $150,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 3340 South Carpenter Street
- Market: Chicago
- Units: 7
- Price Per Unit: $150,000
- Buyer: George Lau
- Seller: Barnett Capital
- Buyer's Representative: Ryan Grober - Sotheby's International Realty
- Buyer's Representative: Marco Cesario - Jameson Commercial
- Seller's Representative: Brian Ruff - Colliers
This deal highlights the collaboration between various representatives in the transaction. Ryan Grober and Marco Cesario acted on behalf of the buyer, George Lau, while Brian Ruff represented the seller, Barnett Capital.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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